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Emirates Flight Catering invests in electric trucks to enhance airport operations

Emirates Flight Catering has announced a Dh60 million investment in 92 new electric catering trucks, enhancing operational efficiency at Dubai airport. The Volvo FL 250 4X2 Euro 6 trucks will feature advanced sensors and contribute to reduced emissions, marking a significant step in the modernization of airport operations in the region. CEO Shahreyar Nawabi emphasized the investment's role in meeting growing demand and strengthening partnerships with airlines.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
ARE Shahreyar Nawabi Dhanush Ronan Mallaghan Show more
Business & Industry, Press Release
16:25 29.05.2025

Dubai announces massive discounts ahead of Eid Al Adha shopping surge

Dubai is set for a 3-day 'super-sale' featuring discounts of up to 90%, coinciding with Eid Al Adha promotions, creating a 10-day period of significant retail activity. The smartphone and tech sectors anticipate a surge in demand as consumers engage in last-minute shopping ahead of holidays.Despite a strong start to the year, the retail sector has faced challenges, particularly in April and May, influenced by concerns over tariffs. Manoj Nair, a seasoned business editor, continues to monitor trends in luxury brands and the evolving retail landscape while enjoying classic Bollywood films.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
USA ARE
Business & Industry, News Article
08:25 29.05.2025

Damac achieves rapid sales success with Chelsea Apartments in Dubai Maritime City

Damac's Chelsea Apartments at Dubai Maritime City have achieved impressive sales, with four of the six buildings meeting targets almost instantly, despite higher prices compared to recent launches. The strong demand is attributed to the Chelsea brand's appeal, and over 1,400 apartments are planned across the development. Additionally, interest from Chinese investors is expected to surge, particularly with MAG's new Dh22 billion project in collaboration with Citic Ltd.
Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema
CHN ARE
Business & Industry, News Article
06:24 29.05.2025

Luxury Goods Industry Faces Challenges Amid Weak Demand and Pricing Power Erosion

The luxury goods industry is facing a challenging outlook due to weak demand and diminished pricing power, with significant uncertainties affecting key consumer markets in China, the US, and Europe. Sales growth, which surged post-pandemic, is now normalizing, and expectations for recovery in 2025 are tempered by concerns over tariffs and high interest rates. Analysts predict subdued demand in the next 6-12 months, with potential recovery hinging on improvements in household wealth and stability in the Chinese real estate market.
fibre2fashion.com
USA CHN Edouard Aubin
Business & Industry, Market Report
05:10 25.05.2025

Elon Musk Commits to Full-Time Focus on X Tesla and SpaceX After Outage

Elon Musk announced he will dedicate himself "24/7" to his roles at X, Tesla, and SpaceX following a significant outage affecting users globally. He acknowledged the need for major operational improvements after a fire at an Oregon data center caused the disruption. Musk also plans to reduce his involvement with the Department of Government Efficiency, focusing more on his companies as they face challenges, particularly Tesla's sales slump.
Fox Business
Tesla Inc. USA Elon Musk
Business & Industry, News Article
04:15 25.05.2025

Elon Musk Shifts Focus Back to Companies After X Outage

Elon Musk announced he will focus more on his companies, including X, xAI, Tesla, and SpaceX, following a two-hour outage of the social media platform X. He acknowledged the need for operational improvements and confirmed a reduced role in government, spending only one or two days a week on political matters. Musk's shift comes amid challenges in his political efforts and a commitment to critical technology rollouts, including the upcoming Starship launch.
NDTV
USA ZAF Donald Trump Elon Musk
Business & Industry, News Article
04:14 25.05.2025

Elon Musk Shifts Focus Back to Tesla and X After Government Involvement

Elon Musk is refocusing on his companies, X and Tesla, after a period of involvement in government, stating he will spend more time on critical technologies and upcoming projects like the Starship launch. He plans to reduce his political contributions and has indicated that his government work has impacted Tesla's stock, which rebounded after he announced his shift in priorities. Musk's political activism is expected to continue influencing future elections.
Business Insider
USA Donald Trump Elon Musk
Business & Industry, News Article
22:07 24.05.2025

Citigroup Rates Performance Food Group as Buy with Price Target of 121 Dollars

Citigroup has initiated coverage of Performance Food Group Company (NYSE: PFGC) with a "Buy" rating and a price target of $121.00, highlighting the company's favorable operational shifts, particularly in its Convenience segment. The analyst noted improvements in higher-margin foodservice sales and potential for mergers and acquisitions, suggesting strong growth opportunities in the evolving market dynamics of foodservice and convenience sectors.
Insider Monkey
Performance Food Group Company USA
Business & Industry, Market Report
21:47 24.05.2025

Citigroup Rates Performance Food Group as Buy with Price Target of 121 Dollars

Citigroup has initiated coverage of Performance Food Group Company (NYSE: PFGC) with a "Buy" rating and a price target of $121.00, highlighting the company's favorable operational shifts, particularly in its Convenience segment. Analysts noted a decline in low-margin product sales and an increase in higher-margin foodservice sales, suggesting strong long-term growth potential, especially in the convenience store sector. The firm also sees opportunities for mergers and acquisitions, given PFGC's smaller size and regional presence, which could enhance its financial performance.
Yahoo Finance
Performance Food Group Company USA
Business & Industry, Market Report
21:44 24.05.2025

Morgan Stanley Rates Loar Holdings Overweight with Strong Growth Prospects

Morgan Stanley has resumed coverage of Loar Holdings Inc. (NYSE: LOAR) with an "Overweight" rating and a price target of $100, citing the company's effective growth strategy and a 11.1% year-over-year increase in net sales to $102 million in Q1 2025. The firm noted a rise in adjusted EBITDA margin to 37.6% and highlighted strong demand reflected in record bookings, alongside a favorable outlook for mergers and acquisitions.
Yahoo Finance
Loar Holdings Inc. USA
Business & Industry, Market Report
21:44 24.05.2025
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